Financial Summary
| Asking Price | $3,900,000 |
| Cap Rate | 7.00% |
| Net Operating Income (NOI) | $274,234 |
| Lease Type | NNN |
| Lease Term Remaining | 11 Years |
Highlights
- PetSmart “deemed essential business” during Covid-19
- Wards Crossing is the most dominant shopping center in Lynchburg
- Surrounded by national credit retailers: Target, Dick’s Sporting Goods, Bed Bath & Beyond, Best Buy, and Barnes & Noble
- Close proximity to Liberty University and other colleges
- 10.5 years remaining on lease plus options
- Absolute NNN lease with zero landlord expense
Location
4026-B Ward Road
Lynchburg, VA
